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The accounting equation for Oriole Company is as follows: Assets Liabilities Stockholders' Equity $119200 = $59600 + $59600 If Oriole purchases office equipment on account
The accounting equation for Oriole Company is as follows:
| Assets | Liabilities | Stockholders' Equity | ||
| $119200 | = | $59600 | + | $59600 |
If Oriole purchases office equipment on account for $25800, the accounting equation will change to
| Assets | Liabilities | Stockholders' Equity |
| $145000 | = | $72500 | + | $72500 |
| $145000 | = | $85400 | + | $59600 |
| $119200 | = | $59600 | + | $59600 |
| $145000 | = | $59600 | + | $85400 |
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The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up
Authors: J.P. Russell
2nd Edition
1636941303, 978-1636941301
